Real Time Financial Systems (RTFS) Transform ‘Information’ Through ‘Insight’ to ‘Influence’

Abstract

Real Time Financial System is an advanced, forward looking and proactive System connecting the key critical business parameters into financial figures on instant basis. This RTFS framework requires the careful designing of the business and operating systems and drive for Real Time Financial Statements. The most important benefit with RTFS is to take corrective actions spontaneously and immediately making the review process more robust and corrective actions immediately and thus paves the way for continuous improvement. RTFS makes processes more agile, smarter and improves competitive edge.